- ‘Fostering employee wellbeing is good for people and the organization’. CIPD (2022) Drawing upon published research: CIPD Level 7 Assignment, UK
- Officers are concerned the reptiles could have been a source of contamination of the food: Food control and hygiene management Assignment, UOEL, UK
- Develop a SWOT analysis of the current situation at AlphaCo: Operations and Information Management Assignment, USM, Uk
- Your company produces radio transmitters and part of that circuit multiplies a high frequency sinusoidal carrier: engineering Assignment, TUOS, Uk
- The diagram shows a DC resistor network. The network is supplied by a 12 V battery: Unit 57 – Electrical and Electronic Principles Assignment, UK
- An engineer has completed two tests on two conductors: Unit 57 – Electrical and Electronic Principles Assignment, UK
- DAT7303: In portfolio 3, students must complete 4 tasks related to analysing a dataset using CRISP- DM methodology: Data Mining Course Work,
- Sea Dolphin Ltd entered into a contract with Marine Adventure Shipping Ltd for the carriage of 5 tonnes of frozen fish: International Commercial Law Assignment, CUL, Uk
- 1.1 Explain what is meant by: personal wellbeing, self-care, resilience: Health and Social care Assignment, UOG, UK
- Explain the purpose and principles of independent advocacy: Health and Social care Assignment, UOG, UK
- Demonstrate a range of effective communication styles, methods and skills: Health and Social care Assignment, UOG, UK
- Describe the range of communication styles, methods, and skills available: Health and Social care Assignment, UOG, UK
- Describe the main purpose and principles of relevant legislation and codes of practice relating to mental capacity: The Principles Of Mental Capacity And Restrictive Practice Assignment, OU, Uk
- 5OS01: Evaluate the principles of discrimination law in recruitment, selection and employment. (AC 2.1): Specialist Employment Law Assignment, CIPD, UK
- Explain the differences between leadership and management and why managers need both skills: Leadership and Management Assignment, OU, UK
- NUR X/Y/A – 3002: Explore and reflect on the impact leadership has in dealing with critical incidents/events: Leadership and service improvement Assignment, DMU, UK
- CC07104: Introduce Company X to the reader. It is expected that this will include some company history: Accounting for business Assignment, ENU, UK
- In a circuit under test, a resistor R, is connected in series with an inductor L. An a.c. current 𝑖𝑖: Engineering Maths Assignment, UK
- Which factor does not impact the complexity of an incident?: Assignment, uk
- You are applying for a job as a junior in-house lawyer at a fashion house. To evaluate your expertise: Consumer and Intellectual Property law Assignment, UOL, UK
ACC116: Rose Leather Berthed Produces A Variety Of Leather Products: Introduction To Cost Accounting Assignment, UOL, UK
University | University of London (UOL) |
Subject | ACC116: Introduction To Cost Accounting |
QUESTION 1
Rose Leather Berhad produces a variety of leather products. Given below are the many types of costs incurred for the first quarter of 2021.
Types of costs | |||
1 | Direct material costs | 8 | Rental of special equipment |
2 | Salary of production workers | 9 | Factory Power and electricity cost |
3 | Salary of supervisors | 10 | Designer fee |
4 | Advertisement expenses | 11 | Administration cost |
5 | Depreciation of sewing machines & equipment | 12 | Depreciation of office equipment |
6 | Salesman commission | 13 | Maintenance cost of machine |
7 | Factory building insurance | 14 | Insurance of office building |
Required:
For each overhead costs below, state any four (4) examples from the above table.
1. Production overhead cost
2. Non-production overhead costs
Do You Need Assignment of This Question
QUESTION 2
State the appropriate basis for the following activities:
Activities | Appropriate Basis | |
a | Basis for apportionment of electricity costs | |
b | Basis for apportionment of insurance of building cost | |
c | Basis for reapportionment of overhead costs at the Store Room department | |
d | Basis for reapportionment of overhead costs at the Maintenance department | |
e | Basis for apportionment of building rental cost | |
f | Basis for apportionment of Supervisors salaries cost | |
g | Basis for reapportionment of overhead costs at the Canteen department | |
h | Basis for reapportionment of overhead costs at Quality Control Department |
Buy Answer of This Assessment & Raise Your Grades
QUESTION 3
Aiden Enterprise has two production departments, Mixing Department and Packaging Department.
Mixing
Department |
Packaging
Department |
|
Budgeted Production Overhead costs | RM 250,000 | RM 360,000 |
Actual production Overhead costs | RM 320,000 | RM 300,000 |
Budgeted machine hours | 47,250 hours | 1,000 hours |
Actual machine hours | 45,000 hours | 1,500 hours |
Budgeted Labour hours | 4,500 hours | 15,000 hours |
Actual labour hours | 5,000 hours | 13,800 hours |
Budgeted direct wages cost | RM159,000 | RM200,000 |
Actual direct wages cost | RM120,000 | RM 250,000 |
Budgeted direct material cost | RM88,000 | RM15,000 |
Actual direct material cost | RM80,000 | RM18,000 |
Budgeted units of production | 10,000 units |
Required:
1. Assuming that Mixing Department uses more machine for production. Calculate the overhead absorption rate (OAR) for Mixing Department using the most appropriate
2. Assuming that Packaging Department are uses labour intensively for Calculate the overhead absorption rate (OAR) for Packaging Department using the most appropriate basis.
3. Calculate the SINGLE / BLANKET overhead absorption rate using the percentage of prime cost
4. Based on your answer in (a), determine the over or under absorption of the overhead cost for Mixing
Are You Looking for Answer of This Assignment or Essay
Looking for Accounting Assignment Help on (ACC116) Introduction To Cost Accounting? Our London assignment experts provide excellent writing. We have an assignment writing service to help you with all types of assignment. With the team of Ph.D. holders, we only focus on plagiarism-free written papers at affordable prices. Here, we only provide custom assignment writing so that you can get unlimited free revisions.